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May 20, 2011 / Hal (GT)

Friday is here and Gold starts out strong.

I took the morning off today to go and be with a friend suffering a bit a personal loss, but between trying to cheer her up and the fourth or fifth cup of coffee I was really glad that I had bookmarked on my smart phone. Nice strong move in gold this morning.

Right now as I type, the free desktop widget is showing the spot price of gold at $1,513.60 and silver is $35.15. Silver has definitely not performed as strongly as big yellow brother.

One of my favorite analysts whom I frequently check for her across the Pond perspective is Anna Coulling and her thoughts today are worth reading: Gold Forming Strong Pennant on Daily Chart

A none gold or silver story, though it’s certainly economic on a huge scale is this post: Rare images of tsunami striking Fukushima Nuclear Plant (PHOTOS)

This is a must read post from Turd Ferguson -> Along the Watchtower: Points For Friday

John Williams Exclusive – Hyperinflation & US Dollar Collapse <- from KingWorldNews. On when Hyperinflation could happen, Mr Williams said:

“That’s the type of thing that could happen at any time, all of the fundamentals are in place.”

Also from KingWorldNews: Hathaway – Expect Chinese Acquisitions of Mining Companies <- I’ll note that this has been going on for years now.

Gold Investors Choose Bars Over ETFs in Q1: WGC – Hmmm… People are wising up.

It’s always a good idea to see what gold is doing in terms of other currencies. Trader Dan does so: Gold very firm in terms of European Major Currencies

Lear Capital: China’s Gold Buying Spree Continues

Have a great weekend folks, and keep an eye on the precious metals market next week. We could see some action.


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